ALL ATTENTION ON CPI: WILL MAY INFLATION REPORT ELEVATE BITCOIN TO NEW LEVELS?
The inflation statistics set to be published tomorrow are anticipated to elevate Bitcoin's value. While there are robust arguments for both bullish and bearish Bitcoin stances, the forthcoming CPI report could serve as the catalyst for a breakout in the crypto sector.
A unique cross-asset model, incorporating various indicators (such as gasoline costs, second-hand car prices, real estate, groceries, and inflation forecasts), has been developed to highlight the key elements influencing inflation.
Unofficial CPI Predictions
Overall CPI (monthly): +0.50%
Overall CPI (annual): 3.60%
Core CPI (monthly): +0.20%
Core CPI (annual): 2.39%
Estimated Market Anticipations
Overall CPI (monthly): +0.5% to +0.6%
Overall CPI (annual): 3.6%–3.7%
Core CPI (monthly): +0.2% to +0.3%
Core CPI (annual): 2.4%–2.5%
BTC VALUE COULD RISE IF INFLATION REPORT FALLS SHORT
If the inflation report shows lower-than-forecast figures, Treasury yields and the dollar index are likely to decline, boosting cryptoassets as investors feel more optimistic.
Conversely, a CPI report that exceeds expectations, particularly regarding core CPI, could lead the markets into a downward trend. Elevated inflation may compel the Federal Reserve to implement stricter monetary policies, which would likely decrease bitcoin values.
It is crucial to underscore that this represents an independent forecast for the upcoming CPI report. Some elements used are indirect indicators of inflation, meaning the actual report might vary considerably from these predictions.
Will inflation serve as the spark Bitcoin requires for a significant breakthrough?
$BTC
$ZEC
The inflation statistics set to be published tomorrow are anticipated to elevate Bitcoin's value. While there are robust arguments for both bullish and bearish Bitcoin stances, the forthcoming CPI report could serve as the catalyst for a breakout in the crypto sector.
A unique cross-asset model, incorporating various indicators (such as gasoline costs, second-hand car prices, real estate, groceries, and inflation forecasts), has been developed to highlight the key elements influencing inflation.
Unofficial CPI Predictions
Overall CPI (monthly): +0.50%
Overall CPI (annual): 3.60%
Core CPI (monthly): +0.20%
Core CPI (annual): 2.39%
Estimated Market Anticipations
Overall CPI (monthly): +0.5% to +0.6%
Overall CPI (annual): 3.6%–3.7%
Core CPI (monthly): +0.2% to +0.3%
Core CPI (annual): 2.4%–2.5%
BTC VALUE COULD RISE IF INFLATION REPORT FALLS SHORT
If the inflation report shows lower-than-forecast figures, Treasury yields and the dollar index are likely to decline, boosting cryptoassets as investors feel more optimistic.
Conversely, a CPI report that exceeds expectations, particularly regarding core CPI, could lead the markets into a downward trend. Elevated inflation may compel the Federal Reserve to implement stricter monetary policies, which would likely decrease bitcoin values.
It is crucial to underscore that this represents an independent forecast for the upcoming CPI report. Some elements used are indirect indicators of inflation, meaning the actual report might vary considerably from these predictions.
Will inflation serve as the spark Bitcoin requires for a significant breakthrough?
$BTC
$ZEC